Central bank of Armenia (CBA) to place eight billion drams worth long-term government treasury bonds

Capital market

YEREVAN, February 28, /ARKA/. The Central Bank of Armenia (CBA) said today it will place eight billion Drams worth long-term government treasury bonds on March 10 and 17.

According to a CBA press release, the first 4 billion Drams worth bonds of AMGB20072283 series will be auctioned on March 10 and another 4 billion Drams worth bonds of AMGB10172218 series on March 17.

The yield on a bond of the first auction is set at 11% and of the second auction at 12%. Coupon payments will be effected once every six months. The auctions will be held at 10.20 am. ($1 – 367.37 Drams). -0-

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